Is the “balance” shown in a Bitcoin wallet really stored as a single number on-chain?
Cardano uses the extended UTXO (eUTXO) model, which adds the ability to execute script logic to the UTXO model.
When an Ethereum transaction remains unconfirmed, subsequent transactions can get queued behind it. You can resend it with a higher gas fee and the same nonce to replace it.
$BTC uses the UTXO model, so the balance shown in the wallet is actually the sum of many unspent outputs.
Have you ever misunderstood this before?
#BTC
In a highly volatile market, manage your risk first.
Cardano uses the extended UTXO (eUTXO) model, which adds the ability to execute script logic to the UTXO model.
When an Ethereum transaction remains unconfirmed, subsequent transactions can get queued behind it. You can resend it with a higher gas fee and the same nonce to replace it.
$BTC uses the UTXO model, so the balance shown in the wallet is actually the sum of many unspent outputs.
Have you ever misunderstood this before?
#BTC
In a highly volatile market, manage your risk first.